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March 2018 – Group Traffic and Capacity Statistics
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March 2018 – Group Traffic and Capacity Statistics

 

Group traffic in March, measured in Revenue Passenger Kilometres, increased by 9.0 per cent versus February 2017; Group capacity measured in Available Seat Kilometres rose by 5.8 per cent.

5 April 2018

 

 

 

STRATEGIC DEVELOPMENTS

On 3 April, IAG announced that British Airways had finalised its new pension scheme. The airline closed its New Airways Pension Scheme (NAPS) to future accrual and its British Airways Retirement Plan (BARP) to future contributions from March 31, 2018.  The schemes have been replaced by a flexible benefits scheme, incorporating a new defined contribution pension scheme, called the British Airways Pension Plan (BAPP). NAPS active members were offered a choice of transition arrangements. In Q1 2018, the net impact of these arrangements, the liability reduction resulting from the closure of NAPS and the cost of closing BARP will be treated as an exceptional gain of £598 million. The annual costs for BAPP are expected to be approximately £80 million lower than the equivalent NAPS and BARP costs in 2017.

 

On 25 March, Aer Lingus launched its flights between Dublin and Philadelphia. This is the airline’s 14th direct transatlantic route. Philadelphia is the first of two new transatlantic routes to be operated by Aer Lingus for summer 2018 and will be followed by a new Dublin to Seattle service starting on 18 May. Initially, flights between Dublin and Philadelphia are operating four times per week and will increase to a daily service from mid-May.

 

On 28 March, LEVEL launched its new route from Barcelona to Boston with two weekly flights which will increase to three services per week from August 2018. From July, LEVEL will also start operations from Paris-Orly to Montreal, New York (Newark), Guadeloupe and Martinique.

 

 

 

 

 

 

 

 

LEI: 959800TZHQRUSH1ESL13

 

This announcement contains inside information and is disclosed in accordance with the company's obligations under the Market Abuse Regulation (EU) No 596/2014.

Enrique Dupuy, Chief Financial Officer

 

Forward-looking statements:

Certain statements included in this report are forward-looking and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements.

Forward-looking statements can typically be identified by the use of forward-looking terminology, such as “expects”, “may”, “will”, “could”, “should”, “intends”, “plans”, “predicts”, “envisages” or “anticipates” and include, without limitation, any projections relating to results of operations and financial conditions of International Consolidated Airlines Group S.A. and its subsidiary undertakings from time to time (the ‘Group’), as well as plans and objectives for future operations, expected future revenues, financing plans, expected expenditures and divestments relating to the Group and discussions of the Group’s Business plan. All forward-looking statements in this report are based upon information known to the Group on the date of this report. The Group undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

It is not reasonably possible to itemise all of the many factors and specific events that could cause the forward-looking statements in this report to be incorrect or that could otherwise have a material adverse effect on the future operations or results of an airline operating in the global economy. Further information on the primary risks of the business and the risk management process of the Group is given in the Annual Report and Accounts 2016; these documents are available on www.iagshares.com.


Group Performance1

 

Month of March

 

Year to Date

 

 

2018

2017

Change

 

 

2018

2017

Change

 

 

 

 

 

 

 

 

 

 

 

Passengers Carried (’000s)

8,667

7,917

9.5%

 

 

22,953

21,147

8.5%

 

Domestic2

2,076

1,909

8.7%

 

 

5,558

4,997

11.2%

 

Europe

4,509

4,083

10.4%

 

 

11,770

10,760

9.4%

 

North America

927

859

7.9%

 

 

2,318

2,254

2.9%

 

Latin America & Caribbean

430

394

9.1%

 

 

1,248

1,180

5.7%

 

Africa, Middle East & S,Asia

531

478

11.1%

 

 

1,515

1,400

8.2%

 

Asia Pacific

195

194

0.5%

 

 

544

556

-2.2%

 

 

 

 

 

 

 

 

 

 

 

Revenue Passenger Km (m)

21,229

19,475

9.0%

 

 

57,221

53,944

6.1%

 

Domestic

1,475

1,312

12.4%

 

 

3,955

3,488

13.4%

 

Europe

5,046

4,534

11.3%

 

 

13,013

11,887

9.5%

 

North America

6,166

5,675

8.6%

 

 

15,509

14,957

3.7%

 

Latin America & Caribbean

3,627

3,335

8.8%

 

 

10,616

9,966

6.5%

 

Africa, Middle East & S,Asia

2,947

2,672

10.3%

 

 

8,630

8,046

7.3%

 

Asia Pacific

1,968

1,947

1.1%

 

 

5,497

5,600

-1.8%

 

 

 

 

 

 

 

 

 

 

 

Available Seat Km (m)

25,559

24,162

5.8%

 

 

71,092

68,304

4.1%

 

Domestic

1,770

1,633

8.4%

 

 

4,873

4,442

9.7%

 

Europe

6,125

5,670

8.0%

 

 

16,488

15,479

6.5%

 

North America

7,495

7,129

5.1%

 

 

20,232

19,764

2.4%

 

Latin America & Caribbean

4,280

4,071

5.1%

 

 

12,360

11,900

3.9%

 

Africa, Middle East & S,Asia

3,583

3,364

6.5%

 

 

10,578

10,075

5.0%

 

Asia Pacific

2,306

2,295

0.5%

 

 

6,562

6,644

-1.2%

 

 

 

 

 

 

 

 

 

 

 

Passenger Load Factor (%)

83.1

80.6

+2.5 pts

 

 

80.5

79.0

+1.5 pts

 

Domestic

83.3

80.3

+3.0 pts

 

 

81.2

78.5

+2.7 pts

 

Europe

82.4

80.0

+2.4 pts

 

 

78.9

76.8

+2.1 pts

 

North America

82.3

79.6

+2.7 pts

 

 

76.7

75.7

+1.0 pts

 

Latin America & Caribbean

84.7

81.9

+2.8 pts

 

 

85.9

83.7

+2.2 pts

 

Africa, Middle East & S,Asia

82.2

79.4

+2.8 pts

 

 

81.6

79.9

+1.7 pts

 

Asia Pacific

85.3

84.8

+0.5 pts

 

 

83.8

84.3

-0.5 pts

 

 

 

 

 

 

 

 

 

 

 

Cargo Tonne Km (m)

 

 

 

 

 

 

 

 

 

Cargo CTK

498

501

-0.5%

 

 

1,357

1,367

-0.7%

 

 

 

 

 

 

 

 

 

 

 

 

Performance by Airline

Month of March

 

Year to Date

 

 

 

 

2018

2017

 

Change

 

 

2018

2017

 

Change

 

AER LINGUS

 

 

 

 

 

 

 

 

 

Revenue Passenger Km (m)

1,639

1,450

13.0%

 

 

3,803

3,482

9.2%

 

Available Seat Km (m)

2,037

1,876

8.6%

 

 

5,083

4,802

5.9%

 

Passenger load factor (%)

80.5

77.3

+3.2 pts

 

 

74.8

72.5

+2.3 pts

 

Cargo Tonne Km (m)

16

15

6.7%

 

 

37

36

2.8%

 

BRITISH AIRWAYS 3

 

 

 

 

 

 

 

 

 

Revenue Passenger Km (m)

12,444

11,872

4.8%

 

 

34,208

33,637

1.7%

 

Available Seat Km (m)

15,162

14,881

1.9%

 

 

43,191

43,014

0.4%

 

Passenger load factor (%)

82.1

79.8

+2.3 pts

 

 

79.2

78.2

+1.0 pts

 

Cargo Tonne Km (m)

381

392

-2.8%

 

 

1,056

1,078

-2.0%

 

IBERIA

 

 

 

 

 

 

 

 

 

Revenue Passenger Km (m)

4,755

4,205

13.1%

 

 

13,141

11,803

11.3%

 

Available Seat Km (m)

5,545

5,095

8.8%

 

 

15,461

14,306

8.1%

 

Passenger load factor (%)

85.8

82.5

+3.3 pts

 

 

85.0

82.5

+2.5 pts

 

Cargo Tonne Km (m)

102

94

8.5%

 

 

265

253

4.7%

 

VUELING

 

 

 

 

 

 

 

 

 

Revenue Passenger Km (m)

2,330

1,948

19.6%

 

 

5,919

5,022

17.9%

 

Available Seat Km (m)

2,740

2,310

18.6%

 

 

7,158

6,182

15.8%

 

Passenger load factor (%)

85.0

84.3

+0.7 pts

 

 

82.7

81.2

+1.5 pts

 

Cargo Tonne Km (m)

0

0

n/a

 

 

0

0

n/a

 

 

1 Group performance comprises Aer Lingus, British Airways, Iberia (including Iberia Express and LEVEL) and Vueling. Vueling traffic is accounted as non-premium traffic

2 Domestic includes routes within UK, Spain, Ireland and Italy

3 British Airways figures exclude Openskies in 2018, but include Openskies in 2017